Mumbai Stock Exchange is housed in the towering Phiroze Jeejeebhoy Towers, Dalal Street in downtown Mumbai. The Phiroze Jeejeebhoy towers are located at the intersection of Bombay Samachar Marg and Hammam Street. The BSE conducts business from Monday to Friday from 10:00 am to 5:00 pm and remains closed during the weekend.
In the mid 1850s, a group of 22 stockbrokers started business under a banyan tree opposite the Town Hall, each investing rupee 1. These stockbrokers called themselves The Native Share and Stockbrokers Association which came to be recognized as the Bombay Stock Exchange (BSE) in 1875. The BSE is thus the oldest stock exchange in Asia.
In 1899 The BSE shifted with the inauguration of the Broker's Hall by James M Maclean. After the First World War, the BSE again shifted- this time to an old building near Town Hall. The plot where it now stands was acquired in 1928 on which a building was constructed which became the permanent address of the Bombay Stock Exchange.
Phiroze Jeejeebhoy Towers
The construction of the Phiroze Jeejeebhoy Towers began under the chairmanship of Phiroze Jamshedji Jeejebhoy. It was completed and occupied close to his death in 1980. This modern 28 storey building, since then has been named after him to commemorate his sincere contribution to the BSE. Notably, the Phiroze Jeejeebhoy Towers has been reported to have outshone The Taj Mahal as the most televised Indian building.